Pilot transactions successfully executed by IBM on Batavia Global Trade Finance Platform

Batavia, the blockchain-based global trade finance platform that has been jointly developed by a consortium consisting of Bank of Montreal (BMO), CaixaBank, Commerzbank, Erste Group, IBM (NYSE: IBM) and UBS has successfully completed its first live pilot transactions with corporate clients.

Initial transactions included the trading of:

  • Cars from Germany to Spain
  • Textile raw materials for furniture production from Austria to Spain
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